This listing includes AI condition scoring, neighbourhood intelligence, and market valuation data — giving you a complete picture before you visit. Compare rental yield, price per square metre, and location strength against the broader Portuguese market to assess whether this property fits your investment strategy.
3-bedroom, 2-bathroom apartment of 100 m² on the 8th floor, built in 1985, energy rating E. Located on praceta João Álvares Fagundes, 21, Carregado e Cadafais parish, Alenquer municipality, Lisbon district. This apartment boasts panoramic views of the surrounding area from its 8th-floor vantage point, enhancing its desirability despite the need for updates.
The valuation. The asking price of €260,000 is significantly above the fair value of €181,087, representing an overpricing of €78,913 (30.4%), making this property less attractive for immediate purchase.
Fair value modelled at €181,087 from the area baseline, adjusted for condition and location. Asking €260,000 sits €78,913 (30.4%) above — overpriced versus fair value.
Asking €260,000 versus the praceta João Álvares Fagundes, 21 area baseline of €209,900 (€2,099/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 55/100 (Condition 54 · Materials 52 · Room dimensions 62). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 47/100 (Housing Market 40 · Amenities 50 · Economic 40 · Tenant Quality 60). Softer demand indicators apply a discount to baseline.
praceta João Álvares Fagundes, 21
Area baseline €209,900 + condition -€30,937 + location -€2,575 = modelled fair value of €181,087 (€1,811/m²), a €78,913 (30.4%) gap versus the €260,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta João Álvares Fagundes, 21 | Subject | €260,000 | €2,600 | — | 54 | 47 |
| praceta Infante Dom Henriques | Active | €240,000 | €3,038 | 16.8% | 58 | 49 |
| praceta Gaspar Corte Real, 62 | Active | €337,000 | €3,064 | 17.8% | 57 | 47 |
| rua da Liberdade | Active | €225,000 | €2,528 | 2.8% | 60 | 57 |
| praceta Gaspar Corte Real, 62 | Active | €337,000 | €3,064 | 17.8% | 62 | 55 |
| Median comp | €288,500 | €3,051 | 17.3% | 59 | 52 |
Long-term rental The property in Carregado e Cadafais, Alenquer is currently overpriced by 30.4% relative to its fair value of €181,087, which undermines its potential as a long-term rental investment. With a gross yield of only 4.3% and a neighbourhood rating of 47/100, this investment may struggle to attract and retain quality tenants. Buy-and-hold Investing in this apartment as a buy-and-hold strategy is not favorable due to its significant price gap from fair value. The property's condition rating of 55/100 and rural location limit its appreciation potential, suggesting that holding this asset may not yield fruitful returns. Family rental While the property could serve as a family rental, its status as overpriced at €260,000 makes it a less appealing option for families seeking value. Given the neighbourhood's rated amenities and overall quality, this investment may not meet the expectations of potential renters looking for a comfortable living environment.
Economic Vulnerability With an economic stability score of 40/100, there is a significant risk of local economic downturns adversely affecting property value and rental income stability.
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